ESBD_382981_1731100496043_05. Appendix B-Early Payment Program.pdf

This document is an appendix related to an Invitation for Bid (IFB) issued by the Texas Department of Transportation (TxDOT) for ferry propulsion system parts for the TxDOT Galveston Ferry Operations in Galveston, Texas. The solicitation seeks responses from qualified vendors to establish a contract for the requested marine equipment parts and accessories, including gear couplings, o-rings, shaft seal rings, and other components. The estimated quantities range from 2 to 41 units per item. The solicitation has a due date of November 22, 2024 at 10:00 AM Central Time, and TxDOT intends to award the contract to the vendor providing the best value on November 26, 2024. The requested items are proprietary, and only responses conforming exactly to the specifications will be considered.

Pricing must be submitted on a firm, all-inclusive, fixed-price basis with freight prepaid and allowed. TxDOT has determined that subcontracting opportunities are probable under this contract, and all respondents, including Texas-certified Historically Underutilized Businesses (HUBs), must complete and submit a HUB Subcontracting Plan (HSP) as part of their bid response. The state's HUB participation goal for commodity contracts is 21.1%, and bidders must demonstrate good faith effort to subcontract with HUBs. Additionally, TxDOT offers an Early Payment Program that provides accelerated payment options to eligible contractors or vendors in exchange for a small discount on the invoice amount.